Global Two-wheeler Upside-down Forks Market 2017-2021

Overview of the global two-wheeler upside-down forks market

Market research analysts at Technavio predict that the global two-wheeler upside-down forks market will grow steadily over the next four years and in terms of units, will post a CAGR of more than 6% by 2021. This market research analysis identifies the low penetration of premium motorcycles in emerging economies as one of the key growth factors for the two-wheeler upside-down forks market. Due to the presence of cost-sensitive customers, the developing economies witnessed a fewer entry of high-performance premium motorcycles in the recent years. The consumers are looking for convenience in mobility without comprising on fuel-efficiency. To meet the rising demand among the consumers, the leading vendors in the market are focusing on compromising high-end two-wheelers with low-cost high-performance ones. However, improved employment opportunities coupled with the rise in the spending power among the consumers will also spur the growth of premium motorcycles in emerging economies, which will subsequently drive the growth of the two-wheeler upside-down forks market.

In addition to the low penetration of premium motorcycles in emerging economies, the rising popularity of motorcycle events and activities will also contribute to the growth of the market over the years. Motorcycle events like shows and exhibitions organized by motorcycle companies to advertise the launch of their flagship products such as sports bikes, cafe racers, motocross, and adventure bikes will also stimulate the growth of the market. For instance, the Milan Motorcycle Show organized every year is an exhibition organized for four days for displaying top-notch motorcycles.

Competitive landscape and key vendors